TH Doral LLC Purchases Doral Marketplace From SJC Ventures For $83 Million With Bank Of Texas Financing

The property involved in this transaction is a retail asset located at 10700 Northwest 41st Street, Doral, FL. It encompasses 10 acres and consists of an 88,938-square-foot retail center that is anchored by Whole Foods. The property was sold for a total transaction amount of $83,000,000, with a price per square foot of $933. The buyer has assumed $50.1 million of existing debt aligned with the Bank of Texas.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $83,000,000
• Buyer: Jonathan Perlman - TH Doral LLC
• Seller: Fain Hicks, Jeff Garrison & Jeff DeHart - SJC Ventures
• Lender: Bank of Texas
• Square Footage: 88,938
• Assumed Debt: $50.1 million
• Acreage: 10.0

This transaction involved key individuals such as Jonathan Perlman representing TH Doral LLC as the buyer and Fain Hicks, Jeff Garrison, and Jeff DeHart representing SJC Ventures as the sellers. The deal excluded a separate 1.88-acre Chick-fil-A parcel from the sale, further delineating the specifics of the property involved in this transaction.